What is the Disability Tax Credit (DTC)?

 Disability Tax Credit (DTC)  18 Responses »
Feb 212023
 

What is the Disability Tax Credit (DTC) in Canada.Updated June 2023. The Disability Tax Credit (DTC) is a highly beneficial but often overlooked tax credit available in Canada. It provides significant financial assistance when utilized correctly. Many Canadians mistakenly believe that only those who are “disabled” qualify for the DTC, but in reality, individuals with any medical condition may be eligible. Determining eligibility depends on how the symptoms of the condition affect a person’s ability to perform basic activities of daily living.

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The Disability Tax Credit and ODSP

 Disability Tax Credit (DTC), ODSP, Registered Disability Savings Plan (RDSP)  26 Responses »
Jan 162023
 

Disability Tax Credits ODSPUpdated June 2023. One common misconception about the Disability Tax Credit (DTC) is that it holds no value for recipients of the Ontario Disability Support Program (ODSP).

While the non-refundable tax credit portion of the Disability Tax Credit is often the focus, ODSP recipients typically don’t have any taxes payable, so they can’t directly benefit from this part of the credit. However, this doesn’t mean that individuals on ODSP cannot leverage the other benefits offered by the Disability Tax Credit.

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